{"id":5241,"date":"2021-08-19T14:50:53","date_gmt":"2021-08-19T11:50:53","guid":{"rendered":"http:\/\/www.liberalglobe.com\/?p=5241"},"modified":"2021-08-19T14:50:58","modified_gmt":"2021-08-19T11:50:58","slug":"in-4-months-low-the-price-of-gold","status":"publish","type":"post","link":"https:\/\/www.liberalglobe.com\/?p=5241","title":{"rendered":"In 4 Months Low the Price of Gold"},"content":{"rendered":"\n

On 9\/08\/2021 gold fell to 1684.37, recording a fall of 4.4% (the lowest price since 31\/03\/2021). The reasons that led investors to sell gold en masse have to do with their expectations regarding the future economic environment. More specifically:<\/p>\n\n\n\n

1.<\/strong> The increased number of jobs in the US warn investors that the dollar is about to rise (the highest number of hires in the last 12 months).<\/p>\n\n\n\n

2.<\/strong> They expect an increase in interest rates and the start of monetary policy titled tapering (purchases in government bonds are gradually being curtailed).<\/p>\n\n\n\n

\"\"
Data Source: Trust Economics -https:\/\/trusteconomics.eu<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

3. <\/strong>Many no longer consider, in this case of tapering, the possession of gold as an attractive investment that offers protection against inflation.<\/p>\n\n\n\n

4.<\/strong> July inflation data were high indicating that inflation will occupy investors at least until the end of the year. So, if there is a further acceleration of the inflation rate, the chances of a rapid increase in interest rates by the Fed are greatly increased.<\/p>\n\n\n\n

5.<\/strong> Low gold prices seem like a buying opportunity.<\/p>\n\n\n\n

6.<\/strong> At the same time, investors have abandoned other safe havens as the US Federal Reserve’s 10-year bond price has fallen as their yields have risen.<\/p>\n\n\n\n

The fall in the price of gold was followed by the prices of other precious metals such as silver and platinum.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 9\/08\/2021 gold fell to 1684.37, recording a fall of 4.4% (the lowest price since 31\/03\/2021). The reasons that led investors to sell gold…<\/p>\n","protected":false},"author":1,"featured_media":5242,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,961],"tags":[242,243,2621],"class_list":["post-5241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic","category-financial-economics","tag-gold","tag-inflation","tag-tapering"],"_links":{"self":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/5241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5241"}],"version-history":[{"count":1,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/5241\/revisions"}],"predecessor-version":[{"id":5243,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/posts\/5241\/revisions\/5243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=\/wp\/v2\/media\/5242"}],"wp:attachment":[{"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.liberalglobe.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}